Generac Holdings Inc. $GNRC Shares Sold by Osterweis Capital Management Inc.

Key Points

• Osterweis Capital Management Inc. decreased its stake in Generac Holdings Inc. by 43.3%, now holding 55,915 shares worth approximately $7.08 million.
• Several research firms have upgraded their ratings on Generac, with a consensus price target of $174.56 and thirteen analysts rating it as a Buy.
• Generac's recent earnings report exceeded expectations, with an EPS of $1.65 and a revenue of $1.06 billion for the quarter, marking a 6.3% year-over-year increase.

Osterweis Capital Management Inc. cut its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 43.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,915 shares of the technology company's stock after selling 42,780 shares during the period. Osterweis Capital Management Inc. owned 0.09% of Generac worth $7,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Generac during the 1st quarter worth approximately $28,000. Private Trust Co. NA raised its position in Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after buying an additional 90 shares during the last quarter. Colonial Trust Advisors raised its position in Generac by 357.1% during the 1st quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock worth $41,000 after buying an additional 250 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in Generac during the 1st quarter worth approximately $54,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Generac by 1,525.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock worth $74,000 after buying an additional 549 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GNRC. Guggenheim raised shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Tuesday, July 29th. TD Cowen raised their price target on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Wall Street Zen lowered shares of Generac from a "buy" rating to a "hold" rating in a research report on Monday, September 1st. Roth Capital lifted their target price on shares of Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. raised shares of Generac from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $56.00 to $68.00 in a report on Monday, August 11th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus price target of $174.56.

Generac Price Performance

NYSE:GNRC opened at $188.02 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 1.48 and a beta of 1.63. The company has a 50 day moving average price of $176.30 and a 200-day moving average price of $142.92. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $203.25.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.33 by $0.32. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The firm's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 EPS. Generac has set its FY 2025 guidance at EPS. Equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value of $906,050.00. Following the completion of the sale, the chief executive officer owned 552,966 shares of the company's stock, valued at approximately $100,202,968.86. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.70% of the company's stock.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.

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